GlobalWafers to acquire Shanghai subsidiary of Crystalwise
GlobalWafers recently disclosed that it would execute a letter of intent with Crystalwise Technology to purchase 100% of Shanghai Sawyer Shenkai Technology Material (SSKT) for up to CNY 100 million (US$14.8 million), through its China-based subsidiar.....»»
Phihong Technology establishes subsidiary for EV charging solutions
Power supply maker Phihong Technology has spun off its business group specialized in developing power charging solutions used for electric vehicles (EVs) as a wholly owned subsidiary, Zerova Technologies Taiwan, in a bid to speed up business developm.....»»
UMC proposed acquisition of remaining stake in United Semi hits snag
United Microelectronics' (UMC) plan to acquire United Semi has hit a snag due to rejection from the local government of China's Fujian province, according to industry sources......»»
China LiDAR startup plans US listing
Shanghai-based LiDAR startup Hesai Technology is looking to raise an estimated US$150 million via a US IPO, according to industry sources......»»
OneSpan acquires ProvenDB to address customers’ secure vaulting needs
OneSpan has agreed to acquire ProvenDB to provide a trust model for high assurance contracts and documents. ProvenDB will extend the capabilities of OneSpan’s Transaction Cloud Platform to both public and private blockchains and serve as a modern t.....»»
Higher interest rates could slow Group 1 acquisitions in "23
While Group 1 Automotive will likely acquire more dealerships in 2023, CEO Daryl Kenningham says the transactions may not come at the same rate as over the previous 18 months......»»
Lithia CEO Bryan DeBoer says 100-150 more dealerships needed to hit revenue goal
Lithia, one the most active players in the buy-sell market, will need to acquire 100 to 150 more dealerships in the United States, and possibly elsewhere, between now and the end of 2025 to reach its goal, says CEO Bryan DeBoer......»»
Study: Modern arms technologies help autocratic rulers stay in power
Autocrats and dictators quickly acquire new arms technologies from abroad and often use them against their own citizens. Now a study of multiple nations during the period 1820–2010 shows that the spread of military technologies inhibits democratic.....»»
Waymo lays off undisclosed number of employees amid tech"s economic downturn
Self-driving technology company Waymo laid off a "limited" number of employees this week, a company spokesperson said. The cuts from the Alphabet subsidiary came beyond the 12,000 employees cut by Google this week......»»
BYD semiconductor halts IPO plan
BYD Semiconductor, a subsidiary of Chinese EV maker BYD, has recently announced to halt its IPO plans for the ChiNext board. The company will turn the focus back to expanding chip capacity to satisfy demand for automotive semiconductors......»»
Shell agrees to acquire U.S. EV charging firm with plugs at Kroger, Six Flags for $169M
Shell and other companies have been investing in EV charging infrastructure to cash in on the growing demand for EVs. Volta issued a going-concern warning in May as cash reserves dwindled......»»
Shell unit to acquire EV charging firm Volta for about $169 million
Shell and other companies have been investing in EV charging infrastructure to cash in on the growing demand for EVs......»»
Teco Electric & Machinery acquires PV EPC company
Teco Electric & Machinery has signed with Shine Energy, a Taiwan-based PV EPC (engineering, procurement, construction) undertaker, for Teco's subsidiary Anneng Green Energy to acquire a 100% stake in the latter's subsidiary Taipeng Energy, according.....»»
Nichia wins another patent infringement case against Everlight subsidiary WOFI
LED maker Everlight has already announced the liquidation of its German subsidiary WOFI. Yet the patent disputes between Everlight and Nichia are still far from over. Nichia stated that in December 2022, the Dusseldorf Court of Appeal decided on a ke.....»»
Amid China’s massive COVID wave, 42% of people on one flight tested positive
Another reminder to keep those masks on during flights. Enlarge / A passenger wearing protective clothing amid the COVID-19 pandemic waits to board a domestic flight at Shanghai Pudong International Airport on January 3. (credit.....»»
Sounding the alarm in time to save endangered species
A few years—or sometimes even just a few weeks—can be all it takes for a plant or animal to acquire "endangered species" status. For instance, when a new road is built through a forest, the chainsaws come out and a rare species of amphibian may b.....»»
Tesla China plant expansion in doubt
An expansion of Tesla Inc.'s plant in Shanghai has been delayed over data concerns that risk putting a roadblock in the way of the U.S. EV maker's ambition to keep growing in China......»»
Cerberus Sentinel acquires RAN Security
Cerberus Sentinel has signed a definitive agreement for the acquisition of RAN Security. Under the terms of the agreement, RAN Security will become a wholly owned subsidiary of Cerberus Sentinel. The transaction is expected to close later in the year.....»»
Ask for customer reviews at the right time: In many cases, sooner may not be better
Researchers from University of Nevada Las Vegas, Shanghai Jiao Tong University, Arizona State University, and KAIST College of Business published a new Journal of Marketing article that examines when is the right time for businesses to send review re.....»»
Samsung and Harman showcasing in-vehicle alert system at CES
Samsung Electronics and its US subsidiary Harman have partnered to develop a key function in Harman's Ready Care automotive solution. In the future, when a driver unconsciously starts to close their eyes due to drowsiness, a red light will flicker on.....»»
New Asustek notebook equipped with SiP CPU module from USI
Design and manufacturing services (DMS) provider Universal Scientific Industrial (USI), a subsidiary of ASE Group, has announced it worked with Asustek Computer to develop the vendor's new-generation Zenbook. The model was showcased during the Consum.....»»